Sociological Perspectives on Banking Crises

Fifteen years after the Lehman Brothers collapse and following the failures of Silicon Valley Bank, First Republic Bank, Signature Bank, as well as the forced acquisition of Credit Suisse, banks are back in the headlines. Daniel Beunza and Pierre-Christian Fink assembled an excellent panel of sociologists and social scientists, studying banks, regulation and finance, to consider recent events in light of the flowering of economic sociology research since the 2007-8 financial crisis. How do sociological perspectives help illuminate the current situation? How have the network dynamics of bank runs changed with the rise of venture capital investors? How does organizational culture at banks explain recent events? Watch below this panel, featuring the following scholars, for an early, yet extensive, attempt at making sense of the bank failures of 2023:

Daniel Beunza (City University London, an author of  Taking the Floor: Models, Morals, and Management in a Wall Street Trading Room, 2019)

Pierre-Christian Fink (Harvard University, an author of  “The Failure of the Federal Reserve to Halt Rule Evasion in the Financial Crisis of 1974”, 2023)

Neil Fligstein (UC Berkeley, an author of The Banks Did It: An Anatomy of the Financial Crisis, 2021)

Kim Pernell (UT Austin, a co-author of  “The Hazards of Expert Control: Chief Risk Officers and Risky Derivatives”, 2017)

Gillian Tett (Financial Times and King’s College Cambridge, an author of Anthro-Vision: A New Way to See in Business and Life, 2021)

Matthias Thiemann (Sciences Po, an author of The Growth of Shadow Banking: A Comparative Institutional Analysis, 2018)

Cornelia Woll (Hertie School, an author of The Power of Inaction: Bank Bailouts in Comparison, 2014)

>> Watch or listen a video recording of the panel here.

Join Economic Sociology & Political Economy community via
Facebook / Twitter / LinkedIn / Whatsapp / Instagram / Tumblr / Telegram



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s